Posts Tagged ‘Franchise’
Franchising When You’re a Mom
Mother may as well be a job title. Think about it: moms are basically entrepreneurs. You manage the household, often including everything from finances to every family member’s schedule, not to mention, making sure everyone is happy and healthy, too. Sometimes, on top of all of that, you have to also balance time between home…
Read MoreLow Cost Franchise Opportunities for Under $10,000
Are you an entrepreneur looking to start your own affordable franchise? Whether you are figuring out cost and time management or just starting your research when it comes to finding the right franchise opportunity, it can be scary. However, it doesn’t have to prevent you from becoming a franchisee. Some of the best, low-cost franchise…
Read MoreThe Future of Franchising is Female
The numbers say it all: Women are thriving in the franchise industry. An American Express report shows women-owned businesses are growing 2.5 times faster than the national average. And the International Franchise Association (IFA) found women operate 25 percent of franchises around the world; this doesn’t include the 17 percent of franchises operated by men and women as partners. The growth…
Read MoreHow to Run a Productive Discovery Day
The term “Discovery Day” can be a bit misleading. While there is certainly an element of discovery in a prospective franchisee visiting your company and meeting stakeholders for the first time, Discovery Day is meant more to be the final step toward signing an agreement. You should go into it expecting to conclude with something…
Read More6 Discussions That Should Take Place Before Discovery Day
Think you’ve found a qualified and serious franchisee? Fantastic. The next step is to host a Discovery Day, where you will give this person an inside glimpse at running a franchise of your company and, ideally, conclude the day with a verbal confirmation that you will send them a final agreement to sign and become…
Read MoreWhat is the Most Profitable Franchise to Own?
If you’re looking to build your own business, buying a franchise is a great way to go. It has all the advantages of entrepreneurship with less risk because you’re joining an already-successful brand. So if you’re ready to be your own boss and take charge of your financial future, consider franchises a ready-to-go package. But…
Read MoreSmall Business Tips: How to Expand Your Business
Congratulations on successfully starting your business! If you’re ready to take the next step, but don’t know exactly how to go about that, here are some ideas for thinking about growing your business. Turn your business into a franchise – If your business model is easily replicated, and you want to see your business grow…
Read More5 Best Franchise Investments for Millennials
When someone says “franchisee,” the image that comes to mind is usually a middle-aged man or woman. But over the past decade, there’s been a dramatic shift in the industry. As a result, a new generation of business leaders is emerging. These leaders are our twenty-somethings, otherwise known as the millennial generation. Millennials have grown…
Read More5 Hottest Franchise Options for Veterans and Why
According to the International Franchise Association (IFA), veterans own one out of every seven franchises in the United States. Why? Franchising allows veterans to translate the very same skills and knowledge gained while serving our country into a long-term profession. Veterans are trained to work and serve within the system that is the military. No…
Read More5 Ways to Know if Your Small Business Has Franchise Potential
It’s important as a small business owner to evaluate different options to expand your business in the future. One choice that can be very attractive is franchising. It could allow your business to grow quicker than it might otherwise, without the kind of capital investment required if you do it alone. Taking your small business…
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